Mid-Coast Maine Restaurant

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Asking Price:
$225,000

Gross Revenue:
$750,000
Cash Flow:
$140,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$5,000
not included in asking price

FF&E:
$80,000
included in asking price

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Business Description

This 75-seat restaurant offers casual dining in the desirable mid-coast Maine area. Chef owned and operated, the restaurant has an excellent reputation and is an integral part of the community.

About the Business

Year Established:
2004
Number of Employees:
4 FT / 12 PT
Real Estate:
Leased
Facilities:
High visibility downtown location with both street parking and parking lot. The space has a bar area with seating, a separate dining area and private space for special events. The space has an open kitchen.
Market Outlook/
Competition:
The business has a long term competitive lease in a strong market with very little available space. An affluent community with several major employers along with a strong tourist season provides year-round customers.
Growth & Expansion:
The business has experienced strong growth and it’s expected that growth will continue.
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About the Sale

Reason For Selling:
Seller is looking to relocate.
Training/Support:
Seller will provide transition training and consulting.
Seller Financing:
Bank Financing $125,000. Working Capital Needed $25,000. Inventory Purchase $5,000.

Listing Info

ID:
1448092
Ad Detail Views:
608

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Business Listed by

Brian Hanson

Maine Business Brokers

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U.S. Census Data for Maine
Age

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Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Maine
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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